Common use of Accountant's Certificate of Adjustment Clause in Contracts

Accountant's Certificate of Adjustment. In each case of an adjustment or readjustment of the Share Exercise Price, Underlying Warrant Exercise Price or the number of any securities issuable upon exercise of the Representative's Warrants or the Underlying Warrants, the Company, at its expense, shall cause independent certified public accountants of recognized standing selected by the Company (who may be the independent certified public accountants then auditing the books of the Company) to compute such adjustment or readjustment in accordance herewith and prepare a certificate showing such adjustment or readjustment, and shall mail such certificate, by first class mail, postage prepaid, to any Holder of the Representative's Warrants or the Underlying Warrants, as the case may be, at the Holder's address as shown on the Company's books. The certificate shall set forth such adjustment or readjustment, showing in detail the facts upon which such adjustment or readjustment is based including, but not limited to, a statement of (i) the Share Exercise Price or the Underlying Warrant Share Exercise Price at the time in effect, and (ii) the number of additional securities and the type and amount, if any, of other property which at the time would be received upon exercise of the Representative's Warrants or Underlying Warrants, as the case may be.

Accountant's Certificate of Adjustment. In each case of an adjustment or readjustment of the Share Unit Exercise Price, Underlying Warrant Exercise Price or the number of any securities issuable upon exercise of the Representative's Warrants or the Underlying Warrants, the Company, at its expense, shall cause independent certified public accountants of recognized standing selected by the Company (who may be the independent certified public accountants then auditing the books of the Company) to compute such adjustment or readjustment in accordance herewith and prepare a certificate showing such adjustment or readjustment, and shall mail such certificate, by first class mail, postage prepaid, to any Holder of the Representative's Warrants or the Underlying Warrants, as the case may be, Warrants at the Holder's address as shown on the Company's books. The certificate shall set forth such adjustment or readjustment, showing in detail the facts upon which such adjustment or readjustment is based including, but not limited to, a statement of (i) the Share Exercise Price or the Underlying Warrant Share Exercise Price at the time in effect, and (ii) the number of additional securities and the type and amount, if any, of other property which at the time would be received upon exercise of the Representative's Warrants or Underlying Warrants, as the case may be.